Wellington Management Group LLP Invests $3.14 Million in ICL Group Ltd (NYSE:ICL)

Wellington Management Group LLP purchased a new stake in ICL Group Ltd (NYSE:ICL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 635,609 shares of the basic materials company's stock, valued at approximately $3,140,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its position in ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 1,910 shares during the last quarter. Voya Investment Management LLC increased its position in shares of ICL Group by 2.2% during the fourth quarter. Voya Investment Management LLC now owns 131,878 shares of the basic materials company's stock worth $651,000 after purchasing an additional 2,876 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ICL Group by 2.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,244 shares of the basic materials company's stock valued at $1,167,000 after purchasing an additional 5,787 shares during the last quarter. Optas LLC boosted its position in shares of ICL Group by 26.0% in the 4th quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock worth $144,000 after purchasing an additional 6,022 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in ICL Group by 11.2% during the 4th quarter. Tidal Investments LLC now owns 63,433 shares of the basic materials company's stock worth $313,000 after buying an additional 6,379 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Stock Performance

Shares of ICL traded down $0.06 during trading hours on Friday, reaching $6.66. 855,620 shares of the company traded hands, compared to its average volume of 823,703. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $6.45 and a 200-day moving average price of $5.84. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $7.04. The stock has a market capitalization of $8.75 billion, a P/E ratio of 21.48, a P/E/G ratio of 7.10 and a beta of 1.15.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Equities analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.0426 per share. This is an increase from ICL Group's previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, June 4th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.56%. ICL Group's payout ratio is 51.61%.

Analyst Ratings Changes

ICL has been the subject of a number of research analyst reports. Wall Street Zen cut ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Barclays upped their price objective on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets lifted their target price on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.